Spying in Banks

Der Spiegel is reporting that the CEO of the German bank HSH Nordbank has paid a company named “Prevent AG” €7 million in 2009 for spying on his employees. This included checking blogs of bank employees.

The HSH Nordbank is currently under investigation for accounting fraud during the financial crisis 2008/09. The new CEO came to the bank in 2009.

Perhaps it won’t take long until Swiss banks make contracts with private investigators, too. More and more employees of Swiss banks are stealing customer data in order to sell it to foreign governments (I probably need not tell you that many tax evaders carry their money to Switzerland).